Steel Billet Market Report February 2013

As the Spring Festival came in February, steel billet held stable in the first half of the month and began to trend downward in the second half.Asian Metal CopyrightAs the Spring Festival came in February, steel billet held stable in the first half of the month and began to trend downward in the second half.Asian Metal Copyright The market stepped into smooth development in early February, just before the Spring Festival, and most steel mills maintain stable prices during the holiday.Asian Metal CopyrightAs the Spring Festival came in February, steel billet held stable in the first half of the month and began to trend downward in the second half.Asian Metal Copyright Iron ore prices rose after the Spring Festival and steel billet prices were forced to go up.Asian Metal Copyright After the Lantern Festival, major steel mills resumed production with a better expectation for the market, but policies that aimed to control the real estate market dampened confidence.Asian Metal Copyright However, the prices finally came to be stable due to lack of deals.Asian Metal Copyright Prices began to drop in a fluctuating pace.Asian Metal Copyright After the Lantern Festival, major steel mills resumed production with a better expectation for the market, but policies that aimed to control the real estate market dampened confidence.Asian Metal Copyright Iron ore prices rose after the Spring Festival and steel billet prices were forced to go up.Asian Metal Copyright Prices began to drop in a fluctuating pace.Asian Metal Copyright However, the prices finally came to be stable due to lack of deals.Asian Metal Copyright